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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

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Speaker 1: The US Treasury was hacked by a Chinese state sponsored

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Speaker 1: actor earlier this month. Now. The breach occurred through a

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Speaker 1: third party software provider Beyond Trust. The actor was then

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Speaker 1: able to remotely access US Treasury workstations and some unclassified documents.

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Speaker 1: Jamie terra Bay covers cybersecurity for Bloomberg News in Washington.

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Speaker 2: We got a response from the Chinese embassy in Washington.

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Speaker 2: They have really sort of rejected the comments and the findings.

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Speaker 2: They've said that they oppose US smear attacks against China

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Speaker 2: without any factual basis. In an email to me, they

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Speaker 2: said the US needs to stop using cybersecurity to smear

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Speaker 2: and slander China and to stop spending all kinds of

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Speaker 2: disinformation about the so called Chinese hacking threat.

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Speaker 1: That is Bloomberg's Jamie terra Bay. The court in Seoul,

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Speaker 1: South Korea, has issued an arrest warrant for the impeached

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Speaker 1: president yunsuk yol. The court also issuing a search warrant

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Speaker 1: requested by the investigating team consisting of the Anti corruption body,

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Speaker 1: the police, and the Defense Ministry. However, no decision has

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Speaker 1: been made on a future schedule, including when the team

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Speaker 1: will actually exercise this warrant. We go to China next,

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Speaker 1: where factory activity expanded for a third straight month. During December,

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Speaker 1: the official manufacturing PMI came in at a reading of

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Speaker 1: fifty point one, slightly below the forecast of fifty point two.

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Speaker 1: You know, the fifty mark separates expansion and contraction. And

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Speaker 1: at the same time, China's non manufacturing economy improved. The

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Speaker 1: official non manufacturing PMI came in at a reading of

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Speaker 1: fifty two point two. That's up from fifty in November.

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Speaker 1: Here's how Joe, the chief economist at Quotai Junan Hong

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Speaker 1: Kong Limited.

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Speaker 3: The manufacturing sector still relatively weak. Actually, you know, if

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Speaker 3: you look at a cent and arity in the past

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Speaker 3: few years, the manufacturing pm MY relativity normally reply week

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Speaker 3: in December, So I think this is kind of in

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Speaker 3: line with my expectations. But what really surprised me is

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Speaker 3: the non manufacturing PMI, which pick up quite significantly in

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Speaker 3: this month. I think if you travel around in China, really,

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Speaker 3: you know, the restaurant get more and more crowded, and

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Speaker 3: if you look at the property sectors, especially in Shanghai

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Speaker 3: looks like you know, the transactions has also been improving.

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Speaker 1: That is how Joe Chief Economistic Quotai Junaan Hong Kong Limited. Now,

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Speaker 1: China's economy has been showing tentative signs of recovery. That's

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Speaker 1: after authorities announced a raft of stimulus measures, including interest

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Speaker 1: rate cuts. Late September, a federal judge issued a mixed

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Speaker 1: ruling on New York's congestion pricing plan. The judge dismissed

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Speaker 1: some concerns raised by neighboring New Jersey. However, the judge

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Speaker 1: also determined that federal transportation officials must provide more explanation

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Speaker 1: about their decision making. Even so, the Metropolitan Transportation Authority

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Speaker 1: says the ruling will not interfere with the scheduled start

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Speaker 1: of the program on January fifth. President elect Trump has

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Speaker 1: endorsed Speaker Mike Johnson to prevent a leadership fight in

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Speaker 1: the House of Representatives. More from Bloomberg's Amy Morris.

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Speaker 4: In Washington, President elect Donald Trump offered his complete and

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Speaker 4: total endorsement to Speaker Mike Johnson, intervening to ward off

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Speaker 4: a potentially crippling leadership fight in the House, threatening to

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Speaker 4: slow Trump's second term agenda. Trump made the endorsement in

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Speaker 4: a post to his Truth social network. Johnson has faced

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Speaker 4: criticism from ultra conservative lawmakers after backing a temporary spending

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Speaker 4: deal that failed to include Donald Trump's demands for lifting

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Speaker 4: the US debt ceiling. Now, the House is slated to

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Speaker 4: hold its vote for Speaker on January third, and while

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Speaker 4: no declared challenger to Johnson has emerged, some Republicans have

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Speaker 4: been worried that a fight over the position will delay

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Speaker 4: efforts to enact Trump's agenda. In Washington, Amy Moore as

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Speaker 4: Bloomberg Radio.

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Speaker 1: Tributes continue to pour in for former President Jimmy Carter,

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Speaker 1: who died yesterday at the age of one hundred. President

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Speaker 1: Biden has announced that January ninth will be a national

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Speaker 1: day of mourning for Carter. William Doyle is the author

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Speaker 1: of Inside the Oval Office. He says Carter should be

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Speaker 1: remembered for his foreign policy efforts.

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Speaker 5: Jimmy Carter was a retroactive hero of the Gulf War

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Speaker 5: of nineteen ninety and nineteen ninety one because back in

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Speaker 5: the seventies he was championing high tech, long range weapons

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Speaker 5: like the Tomahawk missile cruise missiles and the stealth bomber,

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Speaker 5: all of which were used to very effective use by

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Speaker 5: the first President Bush in winning the golf War.

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Speaker 1: He is William Doyle, author of Inside the Oval Office. Now.

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Speaker 1: During Carter's presidency from nineteen seventy seven to nineteen eighty one,

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Speaker 1: he brokeered an historic peace accord between Israel and Egypt. However,

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Speaker 1: Carter did face challenges, including high inflation, an oil shortage,

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Speaker 1: and the Iran hostage. Christ and that is news when

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Speaker 1: you want it with Bloomberg News. Now, I'm Doug prisoner,

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Speaker 1: and this is Bloomberg News.